Oben raises .7m to speed up development of 3D VR avatar

Artificial intelligence startup Oben has raised $7.7 million from a consortium of investors in a round led by CrestValue Capital, the investment arm of China’s DunAn Group. What’s Hot on ZDNet Oben, which is part of technology incubator Idealab, said the financing will be used to speed up product development, hire more scientists, and identify new partnerships. The Pasadena, California-based company is in the process of building its “virtual self” product, which is scheduled for launch in the first quarter of 2017. Oben explained in an announcement today that creating a virtual rendering of a person requires expensive hardware and hours in a professional studio. As such, the technology is inaccessible to most users. In addition, the startup said virtual reality (VR) avatars have previously been cartoon-like. Oben claims that…

Link to Full Article: Oben raises .7m to speed up development of 3D VR avatar

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